Cryptocurrencies Explode After the Genius Act Passes

The cryptocurrency market has seen a strong surge in the past few hours.

This follows the approval of the Genius Act by the US House of Representatives.

It has already been sent to US President Donald Trump.

Trump is expected to sign it immediately.

The bill follows the approval of both the Senate and the House of Representatives, 

which also received strong support.

The Genius Act requires clear rules and regulations for cryptocurrency operations

 in the United States, including 100% reserve requirements and registration with federal regulators.

It also gives the Commodity Futures Trading Commission (CFTC) 

significant authority over the currency market.

Cryptocurrencies

Regarding cryptocurrency trading,

Bitcoin rose by more than 1.7% on Friday,

surpassing $120,000.

The currency is expected to rise further in the coming days,

 with massive cash flows expected to enter the markets soon.

Ethereum also rose by more than 8%, surpassing $3,674.

Ripple also rose by more than 15%, surpassing $3.60.